Thrift Hedge Fund Manager Sees Selloff as Buying Opportunity

Unfazed by a flat first half for his $20 million hedge fund and a recent selloff in the thrift sector, David Rochester thinks the fund can achieve 25% growth for the year by pouring more money into thrifts.

That would be a stunning comeback and a step toward recapturing the glory of 1997, when the fund, Aldie Partners, boasted 97% growth.